Remove tag
Remove Cadillac Remove Dealers Remove GM Remove Volt
article thumbnail

GM Makes Final $5.8B Payment to US and Canada; Investing $257M in Fairfax and Hamtramck Plants for Next-Gen Malibu

Green Car Congress

General Motors Company Chairman and CEO Ed Whitacre announced that GM has made its final payment of $5.8 GM also announced an investment of $257 million at its Fairfax, Kansas, and Detroit Hamtramck assembly centers. The US, Canadian, and Ontario governments, as part of the launch of the new GM, provided loans of $8.4

Canada 186
article thumbnail

GM Files Voluntary Chapter 11; Agreements with US Treasury and Canada; New GM Expected in 60-90 Days

Green Car Congress

reached agreements with the US Treasury and the governments of Canada and Ontario for the creation of a smaller, self-sustaining “New GM”. Pending approvals, the New GM is expected to launch in about 60 to 90 days as a separate and independent company from the current GM. GM Manufacturing Plans. General Motors Corp.

GM 150
article thumbnail

GM Releases New Viability Plan, Launches Bond Exchange; Phasing Out Pontiac

Green Car Congress

General Motors presented an updated Viability Plan that accelerates and deepens the cuts in US brands and nameplates, dealers, manufacturing operations and employees intended to enable GM North America to breakeven (on an adjusted EBIT basis) at a US total industry sales volume of approximately 10 million vehicles.

GM 150
article thumbnail

New GM expected within 90 days

Green Cars News

After months of speculation about its future, General Motors Corporation has reached agreements with the US Treasury and the governments of Canada and Ontario for the creation of a new smaller and self-sustaining GM. The New GM is expected to launch in 60-90 days as a separate and independent company from the existing General Motors.

GM 39
article thumbnail

General Motors presents viability plan

Green Cars News

The new plan has been included within General Motors’ (GM) prospectus for bond exchange offer in which it is offering certain bondholders 225 shares of stock for each $1,000 principal amount of GM notes and a cash payment for all accrued but unpaid interest to the settlement date.

article thumbnail

2022 Chevrolet Bolt EUV: Chevy’s lowest-priced electric car gets a big brother

Charged EVs

However, its parent company seems likely to devote at least as much marketing to the GMC Hummer EV coming late this year [and the Cadillac Lyriq that will follow early in 2022] as to the much smaller, much less noticeable and glamorous tall hatchback—regardless of its 250-mile projected range rating. New role: value pricing.

article thumbnail

How Carmakers Are Responding to the Plug-In Hybrid Opportunity

Tony Karrer Delicious EVdriven

GM has announced plans for public sales in 2010, and almost every carmaker now says it will sell PHEVs or highway-speed battery electric vehicles (BEVs) sometime after 2010. Establishing dealer network. General Motors Chevy Volt series PHEV, which it calls "extended range electric vehicle" (EREV), part of "E-Flex" multi-fuel platform.

Plug-in 45